CNET.COM reported that “On Sept. 24, China’s Central Bank declared all crypto-related transitions illegal, citing concerns about gambling fraud and money laundering.” The September 28, 2021 report entitled “China’s cryptocurrency ban: What it means for Bitcoin, Coinbase and the US” included these comments:
China’s crypto crackdown comes as…
Continue Reading What’s the impact of China’s ban of Cryptocurrency?
The Federal Trade Commission issued a press release “that the defendants and their agents threatened consumers with arrest and imprisonment and tried to collect debts that consumers did not actually owe.” The September 27, 2021 press release entitled “Bogus Debt Collectors Permanently Banned from Collections in FTC Settlement&rdquo…
Continue Reading FTC shuts down bogus debt collectors of “phantom debt”!
BankInfosSecurity.com reported that “Anonymous “press release” announcing the Epik data breach…More than 15 million email addresses and accompanying personal details have been leaked online under the banner of Anonymous.” The September 20, 2021 report entitled “Web Hoster Epik’s Breach Exposes 15 Million Email Addresses” included these comments:
All…
CNBC reported that “In OpenSea’s written statement, it called the incident “incredibly disappointing” and said that it is “conducting an immediate and thorough review.” The September 15, 2021 report entitled “There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits” included the OpenSea wrote…
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The Department of Commerce issued a press release about the creation of the National Artificial Intelligence Advisory Committee (NAIAC) which “will consist of expert leaders from a broad and interdisciplinary range of AI-relevant disciplines from across academia, industry, non-profits and civil society, and federal laboratories. These experts will be qualified…
Continue Reading Is the new federal AI Advisory Committee too late to the game?
The Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF) issued an investor alert to “remind investors to watch out for investment schemes involving digital assets and “Crypto.” Fraudsters continue to exploit the rising popularity of digital assets…
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The Securities and Exchange Commission (SEC) issued a news release that “it had filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion through a global fraudulent…
Continue Reading SEC files suit for a $2 BILLION fraud by global crypto lending platform!
The Washington Post reported that “The metaverse is different from today’s virtual reality, where clunky headsets offer siloed experiences and few chances to cross-play with people who own other gadgets. Instead, the metaverse would be a massive communal cyberspace, linking augmented reality and virtual reality together, enabling avatars to hop…
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BankInfoSecurity.com reported that “A hacker stole $97 million in cryptoassets from the Japan-based cryptocurrency exchange Liquid, which announced the breach via Twitter late Wednesday and halted deposits and withdrawals.” The August 19, 2021 report entitled “Hacker Steals $97 Million From Crypto Exchange ‘Liquid’” included these comments from Liquid…
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The Department of Justice reported that Larry Dean Harmon (38, of Akron, Ohio) “agreed to the forfeiture of more than 4,400 bitcoin, valued at more than $200 million at today’s prices, and other seized properties that were involved in the money laundering conspiracy. Harmon will be sentenced at a date…
Continue Reading Cybercriminal Pleads Guilty to Laundering Over $300 Million in Bitcoin!
